Air Partner increases its 2017 interim dividend by 6.2%

DividendMax Ltd.

Air Partner increases its 2017 interim dividend by 6.2%

Air Partner 2017 interim results

Gross profit of £18.1m, a year-on-year increase of 12.2%, reflecting strong trading performance in the  Broking division

Underlying profit before tax of £4.1m, a year-on-year increase of 34.4%

o Commercial Jets delivered underlying operating profit growth of 44.3% to £2.7m

o Freight underlying operating profit up 88.6% to £0.6m

Underlying EPS of 5.6p, a year-on-year increase of 24.4%

Net cash (non-JetCard cash less debt), of £10.6m, an increase of 103.7%

Interim dividend increased by 6.2% to 1.7p per share, payable on 27 October 2017

Companies mentioned